
28 June 2021 | 17 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

18 January 2023 | 11 replies
If laundry mat, you should quit your day job and do all maintenance.E.

25 January 2023 | 6 replies
It’s not ideal, but for those strapped on capital in the beginning, you have to make sacrifices.

26 December 2016 | 13 replies
I would recommend Mark Kohler or Mat Sorenson over at KKOS... they are who I use for everything...

21 December 2022 | 8 replies
A house won't qualify for section 8 because the water heaters don't have hold down straps.

20 May 2021 | 113 replies
(Excuse the shaky panarama the bathroom is barely bigger than a bath mat)

17 February 2021 | 46 replies
for this person.. it sounds like he either pays it off or goes to the mat with the lender or just keeps making his payments...

22 November 2019 | 26 replies
I've always just walked and talked out cards in laundry mats bodegas etc.

3 February 2021 | 4 replies
IF you want to talk to a 'paid professional' for guidance in that area I would suggest checking our Mark Kohler and Mat Sorensen of KKOS Lawyers & Accountants on Youtube.